Avalanche rallied on Friday to hit a 4-week high, while prices moved near a crucial resistance level. The token hit a ceiling of $17.70 earlier in today’s session, which comes following several days of gains. Dogecoin’s recent sentiment was also held, with prices climbing for the fourth day in a row.
Avalanche (AVAX), which reached a one month high Friday, closed in on the key resistance level.
Following a low of $16.83 on Thursday, AVAX/USD made a move to a peak of $17.70 earlier in today’s session.
AVAX’s price surge has seen it reach its highest point since September 27th, when it was trading at $18.47.
The chart shows that prices are slightly lower than the peak and is currently trading at $17.67 as of this writing.
Despite the fact the relative strength (RSI) 14-day index has passed its ceiling of 60.00, there is uncertainty in the price action.
The current index reading at 60.76 is the highest point since August 14.
Dogecoin (DOGE), which is now at a multi-month peak, has increased for the fourth straight day.
Today’s move, which saw DOGE/USD hit a peak of $0.0854, has pushed the meme coin into the cryptocurrency top ten.
As a result of Friday’s 10% gain, prices are now at their strongest point since August 17, with the RSI also higher.
The chart shows that the index now tracks at 84.58. This is the highest level in more than a year.
The overall price level is in the overbought zone, which can be good news for bears who are looking to short this token.
However, the momentum for both the 10-day (red) and 25-day(blue), moving averages is still high. Some see this as an indication of future rallies.
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Do you think dogecoin will climb higher this weekend than it did last week? Please share your views with us in the comments.
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